Overview
Ferroglobe Q3 sales fell 28.1% yr/yr, missing analyst expectations
Adjusted EPS for Q3 missed analyst expectations
Adjusted EBITDA for Q3 missed analyst expectations
Outlook
Ferroglobe expects 2026 market conditions to improve due to favorable trade measures
Result Drivers
WEAK DEMAND - Market conditions remained challenging with continued weak demand across end markets, further pressured by low-priced imports to the EU, according to CEO Dr. Marco Levi
COST OPTIMIZATION - Despite lower revenue, adjusted EBITDA margin improved due to higher average selling price, improved operational efficiency, and continued cost optimization efforts
TRADE MEASURES - Preliminary U.S. antidumping and countervailing duty case decision and expected EU trade measures are seen as positive for future market conditions, per CEO Dr. Marco Levi
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Miss | $311.70 mln | $393.80 mln (2 Analysts) |
Q3 Adjusted EPS | Miss | -$0.02 | $0.02 (1 Analyst) |
Q3 Adjusted EBITDA | Miss | $18.30 mln | $32.60 mln (2 Analysts) |
Q3 Adjusted EBITDA Margin | 11.70% | ||
Q3 Operating Free Cash Flow | $20.80 mln |
Press Release: ID:nGNXb5B0xB
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)